Member Info for addicknt

how long it will be before folk on this site begin to notice what's going on here?
The market quite clearly loves yesterday's announcements and the web site we can't mention on here is rating this as a strong buy.
In the meantime, i'll continue talking to myself.

Not if he's the one conducting the pre-pack.

fundraiser, fair point. I'm so far down I thought I'd role the dice, but with no real expectation of winning.
Chippyjo, the gravy train can continue if the thing is bought in a pre-pack, which is my fear of what may happen.

I'd be extremely happy with a 4/5 bag on any investment, and, to use a topical footballing phrase, over the moon if BCN achieves it.

Bannor, are you also invested directly in BCN? If not, why not?

good set of results. The future is all about marketing spend, expansion of range and target market.

I've drawn the conclusion that they have a strong link to that Lowry character.
They put themselves out there as experts in the field and yet they ignore this. I've emailed them to ask for their reasoning; it will be interesting to see if they reply.
Their omission is akin to the FT deciding not to report on Brexit, because they don't like it.

The latest Lithium Spot blog mentions a few relatively minor developments in the sector, including SAV's small fund raise, but omits the most significant news of the past week.
I've never understood their antipathy towards BCN, but to ignore this news strikes me as being wilfully stupid, particularly bearing in mind their various articles about how difficult it is to raise investment.
I wonder why they have such a downer on the company?

TC, under normal circumstances, it would be based upon the date they are exercised; and I'm assuming this to be the case here.

Kluck, that's a very good observation. As I understand it, the charges, both fixed and floating, are over the whole shooting match, thus leaving only a second charge for any other debt provider. This will not be sufficient to entice a traditional senior debt provider and therefore, as you suggest, the remainder must be coming in the form of equity or quasi-equity. Perhaps we may even see some fixed coupon, convertible/redeemable prefs?

the filing also implies that all conditions precedent have been met.

Sorry, forgot the w/c element!
Fukur, I'm expecting some more debt, but my view is not based upon any facts, merely a hope that PS can extract some more from the market.
As far as the market reaction is concerned, I'm not expecting a major move until the whole package is in place, and we must be on the cusp of that being achieved.

oily, the stated total funding is $420m. So we still have some way to go. The key question is the debt/equity split.

celebration I've added a few more. Mind you, there's virtually no stock available at the moment and I'm struggling to get a quote for even the EMS.

TC, yes, very excited. It's been such a long wait and, on occasion, difficult to ignore the siren voices.
Patience rewarded etc, etc.
However, there is still more to do and let's not forget, we've got to build a plant and get the stuff out of the ground.

if we'll start getting some positive coverage on Lithium Spot now?
They've been highly sceptical throughout and have just been proved comprehensively wrong. I bet that gives PS some real satisfaction.

bidnolid, having had a quick look at their web site, they don't have the balance sheet for straightforward vanilla senior debt. So, they will probably place and trade the bonds. At least that's how it looks.

Bonds are normally issued at a discount to nominal value, and this is a big discount! However, if demand for the bond rises, so too will the value. The discount reflects the perceived risk, which over time will dissipate.
The discount is greater on tranche 2 because there is no interest payable, but they do come with warrants attached...provided they are not redeemed in the company's favour in the meantime.

Good question and I have absolutely no idea.
Well spotted.

Tradable bonds; an interesting investment opportunity in themselves.
Redemption in our favour on tranche two. No further dilution. (I'm going to blow my own trumpet on this one...I suggested it yesterday!)
The key questions will be; how much more debt is to come and when will the equity element be put in place.
We've all waited a very long time for this and it's truly gratifying that the old maxim of patience being rewarded applies here.